Property investors who have had real estate in Bowen, 4805 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.57%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bowen has fallen somewhat when compared to the 5 year average annual rate.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.90% offered to property buyers. Sellers in Bowen itself are offering an average vendor discount of -9.46% to real estate investors.
Residents and property investors in Bowen have been waiting around 142.82 days to sell a property.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.59%, without taking into account capital value appreciation, which has been averaging out at 10.52%.
Bowen is in the bottom 10% in QLD when comparing median price capital growth over the last year. Bowen gave property investors a dismal capital gain figure when compared to the rest of the state, with -16.67%.
Bowen,4805 was ranked 1668 in Australia by increase in median property value over the quarter.